Buyers

Stop dreaming! Start living. Whether you are a first time buyer or a property investor, Prime Property has helped many buyers find their dream home.
Call 0207 352 5833 or Register with us

The Buying Process

It’s not as complicated as you thinking, please follow the step by step guide below:

Step 1 Register with us
First you need to register with us, you can do that either by calling us on 0207 352 5833 or you can visit our offices where you can discuss your property requirements with one of our consultants. Or why not register online if you are short of time.

Step 2 start looking
With a clear understanding of your requirements you will be able to quickly search for properties on our website’s Home Page and bring up a selection of properties that match your criteria. In order to secure a property you like, we recommend you view it as early as possible.

Step 3 Mortgage & Finances
It is very advisable to get your finances, including your mortgage, agreed in principle as early as you can, as having to organise finances after you have found a property can result in losing out to another person who is ready to go.

Step 4 Viewings
We're open at times to suit you, convenient for viewing after work and at weekends:

Our offices are open 9am-7pm Monday to Friday and 9am-3pm Saturdays, Sundays and Bank Holidays. Our longer opening hours are essential - over 60% of viewings are carried out after work and at weekends.

Step 5 Making an offer
Once you've found a suitable property, we'll put your offer forward to the seller, both verbally and in writing. Any offer is subject to contracts being signed. There are no legal obligations on either side until contracts are signed.

Step 6 Legal
A solicitor will be required to handle the legal paperwork involved (known as conveyancing). It is preferable to use a solicitor who knows the area that you're moving to and specialises in conveyancing. We have a selection of the top solicitors that are experts in property transactions who we would be happy to recommend.

Step 7 Sale agreed
Once your offer is accepted, you will need to instruct your solicitor to proceed immediately. At this stage it is a good idea to discuss exchange and completion dates. This is also the time to instruct your mortgage broker to proceed with your mortgage application and make arrangements for a survey.

Step 8 Searches and Surveys
A draft contract is drawn up by the seller's solicitor and sent to your solicitor, who will raise some preliminary enquiries. Your solicitor will either request their own necessary searches or will use the information already provided in the seller's Home Information Pack.
A survey of the property will also be booked by a surveyor on behalf of the mortgage lender to identify any structural problems and advise on the property's value.

Step 9 Contract approval and mortgage offer
- Contract approval
Once results of the local search and answers to the preliminary enquiries are received, the draft contract is approved by your solicitor, providing there are no further enquiries.
- Formal mortgage offer
This document will be sent to your solicitor for you to sign. Once signed and returned, your mortgage is in place and you are ready to exchange contracts.

Step 10 Exchange of contracts
The contract then needs to be signed by you and the seller.
The deposit (usually 10% of the purchase price) is telegraphically transferred or paid by the buyer's solicitor in the form of a banker's draft. The completion date is then set.

Step 11 Completion
This is generally set a few days to a few weeks after exchange of contracts, depending on each party's personal requirements.
Residual monies (usually 90%) are now transferred from your solicitor to the seller's solicitor's account.

Congratulations, you are now the legal owner of your new home!